Sipura purchased by Cisco for $68MM
I have liked the Sipura products since they first came out a few years ago. The SPA products are widely used by VoIP service providers (Vonage, etc) for their feature set, flexibility, and low cost. We have been testing out Sipura adapters on the Kuppam network for the past few months, with good results, and I just received a new SPA-3000 the other day which I haven’t gotten around to setting up for use with Asterisk yet.
Yesterday Cisco announced they will also acquire Sipura, which will be merged into Linksys.
SAN JOSE, Calif., April 26, 2005 - Cisco Systems® today announced a definitive agreement to acquire privately-held Sipura Technology, Inc. This represents Cisco’s first acquisition for its Linksys division, the leading provider of wireless and networking hardware for home, Small Office/Home Office (SOHO) and small business environments. Sipura is a leader in consumer voice over internet protocol (VoIP) technology and is a key technology provider for Linksys’ current line of VoIP networking devices. In addition to Sipura’s valuable technology and customer relationships, their experienced team with extensive VoIP expertise will help build a foundation for Linksys’ internal research and development capabilities in voice, video and other markets.
Under the terms of the agreement, Cisco will pay approximately $68 million in cash and options for Sipura. The acquisition is subject to various standard closing conditions, including applicable regulatory approvals, and is expected to close in the fourth quarter of Cisco’s fiscal year 2005 ending July 30, 2005.
The Cisco/Linksys VoIP router/firewalls already use Sipura technology. Hopefully, this won’t slow down product innovation by the Sipura team, and also leave them a path forward as VoIP capability becomes an embedded feature of other products rather than being a standalone product itself.
The founders, Jan Fandrianto (CEO), and Sam Sin (VP Engineering), sold their previous company, Komodo Technology to Cisco, which became the Cisco’s ATA-186 VoIP adapter.
Tags: sipura, cisco, finance, business
